Lufthansa pledges wide-ranging restructuring; job cuts and asset sales

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FRANKFURT: Lufthansa has pledged a wide-ranging restructuring, from thousands of job cuts to asset sales, as it seeks to repay a 9 billion euro ($10.1 billion) state bailout and navigate deepening losses in the face of the coronavirus pandemic. The pledged cost cuts came as the German carrier posted a first-quarter net loss of 2.1

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